Award

Payments under the Voluntary Returns Scheme and Facilitated Returns Scheme

HOME OFFICE

This public procurement record has 1 release in its history.

Award

01 Apr 2026 at 16:00

Summary of the contracting process

The Home Office, a central government public authority located in London, has completed a direct procurement process without competition for payment services under its Voluntary Returns Scheme and Facilitated Returns Scheme. This contract involves providing payment services to individuals returning to countries with severe banking restrictions. The contract was awarded to IRARA Services Limited, with the contract term starting on 1st April 2026 and ending on 30th June 2026. The financial value of the contract is GBP 82,125 out of a gross amount of GBP 98,550, and the services include central bank services, international payment transfer services, and foreign exchange services.

This procurement process presents opportunities for businesses specialising in financial services, particularly those with expertise in international payments and foreign exchanges. Given the specific nature of the services required, large-scale financial organisations, akin to the awarded supplier IRARA Services Limited, which has the capacity to handle complex international banking transactions would be well-suited to compete in similar tenders. Business growth can be achieved by developing and offering innovative solutions that cater to governmental schemes for facilitating international payments under challenging circumstances related to banking restrictions in certain countries. This contract also highlights potential areas for expansion in the provision of banking services that manage foreign exchange and central bank services.

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How relevant is this notice?

Notice Title

Payments under the Voluntary Returns Scheme and Facilitated Returns Scheme

Notice Description

Payment services to individuals returning to countries with severe banking restrictions

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067b36
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030594-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66111000 - Central bank services

66115000 - International payment transfer services

66180000 - Foreign exchange services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£82,125 Under £100K

Notice Dates

Publication Date
1 Apr 20262 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20263 days ago
Contract Period
31 Mar 2026 - 30 Jun 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
HOME OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 4DF
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

IRARA SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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